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Bridgeport Road, Richmond

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Bridgeport Road, Richmond 8260, 8280, 8300 BRIDGEPORT ROAD, RICHMOND Canada Line SkyTrain No.3 Road Sea Island Way River Road Bridgeport Road FOR SALE: HIGH EXPOSURE CORNER ORIENTED HOTEL & OFFICE DEVELOPMENT SITE Adam Xu Steve Brooke Joel Barnett David Ho Sales Associate Personal Real Estate Corporation Personal Real Estate Corporation Personal Real Estate Corporation 604 662 5196 Vice President Senior Vice President Senior Vice President [email protected] 604 662 5147 604 662 5570 604 662 5168 [email protected] [email protected] [email protected] SALES MEMORANDUM CBRE Limited is pleased to present the opportunity to acquire 8260, 8280 & 8300 Bridgeport Road, Richmond, B.C. (The “Property”). The three parcels combine for a 27,131 sq. ft corner oriented site on Bridgeport Road overlooking the scenic Fraser River. The Property is ideally located in the heart of Richmond’s growing business district, just 5 minutes from YVR International Airport and 15 minutes to Vancouver. The Property is in close proximity to public transportation via the Canada Line SkyTrain and will benefit from the numerous upcoming comercial and residential developments nearby. Bridgeport Road Canada Line SkyTrain River Road No.3 Road Sea Island Way This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth. 8260, 8280, 8300 BRIDGEPORT ROAD, RICHMOND DEVELOPMENT SITE FOR SALE SITE DETAILS CIVIC ADDRESS ZONING 8260, 8280 & 8300 Bridgeport Road, Richmond, B.C 126 OFFICIAL COMMUNITY PLAN AREA LEGAL DESCRIPTION Richmond City Centre OCP: PL 71920 LT A BLK 5N LD 36 SEC 28 RNG 6W Bridgeport Village PL 71920 LT B BLK 5N LD 36 SEC 28 RNG 6W PL LMP48700 LT 1 BLK 5N LD 36 SEC 28 RNG 6W DEVELOPMENT POTENTIAL PARCEL IDENTIFICATION NUMBERS 3.0 FSR, Including DEVELOPMENT 004-274-032, 004-274-059, 024-947-954 Village Centre Bonus: 1.0 FSR for the provision office uses SITE SIZE • 27,131 sq.ft. site zoned for 3.0 FSR hotel/office development, up to 35 m (10 storey) 27,131 sq.ft. • The City of Richmond is open to allow flexibility in density allocation between office and hotel • Rare corner site with 157 sq. ft. on Bridgeport and 140 sq. ft. along River Road, allowing flexible vehicle access • Unobstructed water-view • Limited road dedication required on Bridgeport CITY OF RICHMOND PERMITTED BUILD HEIGHT 35M / 10 STOREY IMAGE FOR MARKETING PURPOSES ONLY: UNITS ARE IN METERS LOCATION DEMOGRAPHICS The Bridgeport Village is planned for predominantly medium-density, mid- and high-rise, business, entertainment, hospitality, arts, and transportation hub uses. Thus many developers have already purchased land in this area and preparing for new developments. These developers include International Trade Center, New Continental, Yuan Heng, Concord Pacific and Pinnacle. All these future commercial, mixed- use or residential use developments are along No.3 Road and Sea Island Way. Most of the residential developments have started pre-selling with favourable outcomes of approximately 82% of the units already sold. 1 2 The data has been sourced from BC Stats, City of Richmond’s Official Community Plan, and Urban uture’sF Community-Level Projections of Population, Housing, & Employment Report for the City of Richmond dated May 2010 5 ESTIMATED ANNUAL YVR PASSENGERS IN 2027 ESTIMATED 2021 EMPLOYMENT (163,020) VALUE OF NEW DEVELOPMENT PROPOSED FOR RICHMOND 3 9 4 6 10 33.4 MILLION +30% $4 BILLION 11 8 7 OCCUPIED HOTEL ROOMS MARKET NEW HOTEL SUPPLY IN LAST 5 YEARS Y.O.Y GROWTH ON REVENUE PER AVAILABLE ROOM 1.5 MILLION 0% 10% OCCUPANCY RATE (2015) (WHAT CATAGORY ?) RICHMOND POPULATION INCREASE BY 2021 DAILY BRIDGEPORT ROAD VEHICLE TRAFFIC 80% +19% 26,508 AMENITIES Close proximity to Vancouver International Airport (YVR), Downtown Vancouver and Canada Line SkyTrain combine to provide an excellent location for travelling guests and corporate offices. PUBLIC TRANSPORTATION The subject property is located on No.3 Road, the major arterial in Richmond thus the location has easy access to most major centers in Metro 1. McArthurGlen Designer Outlet 7. Aberdeen Centre Vancouver. The Bridgeport Canada Line Station is only 550 metres away, connecting the project and Downtown Vancouver (20 minutes), 2. River Rock Casino Resort 8. Aberdeen Square YVR International Airport (8 minutes), and Richmond Centre (7 minutes). The Millennium Line and the Expo Line can be transferred at the 3. The Westin Wall Centre 9. Pinnacle Living at Capstan Village Waterfront Canada Line Station for further access to Metro Vancouver. Pedestrians have access to four bus lines including 403 from Bridgeport 4. Future Development 10. Concord Gardens Road to Riverport Recreation Complex, 407 from Bridgeport to Gilbert, C92 from Bridgeport to Sea Island south and N10 from Downtown to 5. Duck Island Future Development 11. Radisson Hotel Vancouver Airport Richmond. And there are two major roads, Bridgeport Road and Highway 99 (20 minutes to Downtown Vancouver and 35 minutes to Blaine, 6. Yaohan Centre Washington, USA), near the site. The Bridgeport Village provides numerous amenities nearby. The McArthurGlen Outlet mall, and Costo, is only minutes away from CANADA LINE SKYTRAIN TRAVEL TIMES the subject. Husky Gas Station also locates at the intersection of Bridgeport Road and Great Canadian Way. If you are looking for River Rock Casino & Resort entertainment, the Richmond Night Market, River Rock Casino & Resort and Vancouver Marina can meet any kinds of needs. There are 5 MIN (Templeton Station) several cafes and restaurants including International brand-names such as Starbucks and Burger King. The area is also well-known for car services and rental including Discount Car & Truck Rentals, Richmond Auto Car Wash & Spa, Juan’s Auto Service, Enterprise Rent-A- 7 MIN Car and Brighouse Auto Electric Services. 8 MIN Richmond Centre Shopping (Richmond Brighouse Station) 12 MIN YVR International Subject Property Airport Development Site 20 MIN Vancouver Mainland (Oakridge 41st Station) Downtown Vancouver (Vancouver City Centre Station) NEARBY ATTRACTIONS PRICING INFORMATION RIVER ROCK CASINO 5 MINUTES River Rock Casino is the largest casino in the province of British Columbia. The casino is owned by Great RELEVANT PROJECTS Canadian Gaming. There is a total of 396 rooms, including standard rooms and suites and it is situated on CONCORD GARDENS MAYFAIR PLACE the river with a 144-berth marina. Every year, River Rock Casino Resort together with its 1,300 employees 8800-8888 Patterson Road 9399 Odlin Place provides support to the Richmond community through volunteering services, in-kind donations or financial contributions. Some of the charitable organizations that River Rock has supported are:Richmond Family Total Units: 636 Units Total Units: 356 Units Place, BC Children’s Hospital Foundation, Richmond Food Bank, Richmond Society for Community Living, Average Size: 740 Sq.Ft. Average Size: 871 Sq.Ft. Richmond Chinese Community Society, and Volunteer Richmond Information Services. In 2013, the City of Average Price Per Sq.Ft.: $573.64 Average Price Per Sq.Ft.: $450 Richmond received $17.6 million from the River Rock CasinoResort in host local government payments and since River Rock’s inception, the city has received $113.9million. PINNACLE REMY 3333 Sexsmith Way 4133 Stolberg Street Total Units: 448 Units Total Units: 251 Units RICHMOND NIGHT MARKET 5 MINUTES Average Size: TBD The Richmond Night Market is an annual night market held through the summer months in Richmond. It Average Size: 616 Sq.Ft. runs on weekends and is held near Bridgeport Station and River Rock Casino. This great summer event was Average Price Per Sq.Ft.: TBD Average Price Per Sq.Ft. :$420 first held in 2000 at the Continental Centre. By 2003, it was moved to Lansdowne Centre to accommodate its growth. As attendance continued to increase, it moved again to the present site of the River Rock Casino Resort and finally to River Road. Over 30,000 people visit the night market each night. At its peak, the AVANTI OMEGA Richmond Night Market had over 400 booths selling mostly Asian cuisine, merchandise, and entertainment. 8311 Cambie Street 9388 Oldin Road The merchandise sold at the night market is of a lower price point than traditional retail stores and primarily imported from Asia. Total Units: 227 Units Total Units: 245 Units Average Size: TBD Average Size: 787 Sq.Ft. MCARTHUR GLEN DESIGNER OUTLET 5 MINUTES Average Price Per Sq.Ft.: TBD Average Price Per Sq.Ft. :$432 Open since July 2015, McArthurGlen Designer Outlet Vancouver Airport is the first designer outlet in the Vancouver metropolitan area. It brings a genuinely new luxury outlet concept with their signature attention to detail, highquality standards, and exclusive luxury and designer brand mix.
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